FITE vs WRND: Grades, Fees and Holdings Compared

State Street SPDR S&P Kensho Future Security ETF

FITEANYSE Arca

NYLI Global Equity R&D Leaders ETF

WRNDBNasdaq

Overlap

3.8%by weight

Expense ratio

WRND −0.27pt a year

FITE0.45%WRND0.18%

Avg volume · 30D

FITE 13.4×the volume

FITE7.11KWRND532

3Y return · a year

FITE +11.6pt

FITE+34.2%WRND+22.6%

FITE vs WRND Performance

Oct 31, 2025 – Oct 30, 2026

+24.6%FITE+9.3%WRND

Expense ratio: FITE 0.45%; WRND 0.18%, better
Fund size: FITE $161M; WRND $11M
1Y total return: FITE +24.6%, better; WRND +9.3%
Yield (12M): FITE 0.11%; WRND 0.97%, better
Holdings: FITE 79; WRND 208
Avg volume (30D): FITE 7.11K sh, better; WRND 532 sh
NAV per share: FITE $115.25; WRND $40.74
52W range

ETF.net Grade

Pillar letters and Scores for FITE, WRND, with each pillar’s weight
Pillar	FITE	WRND
Cost30% weight	A83	A100Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	A71	A76Higher
Tradability15% weight	A78Higher	F15
Holdings10% weight	A82Higher	B58
Durability5% weight	A82Higher	C47

Rank among Global Thematic funds

How we build Categories ›

Same Category. FITE and WRND are both graded against the same 18 Global Thematic funds, so their Grades compare head to head.

Global Thematic⁠

Category · 18 funds

See all 18 ›

FITE ranks 1st and WRND 3rd of 18 funds in the Global Thematic Category.

Rank 1AFITEState Street SPDR S&P Kensho Future Security ETFScore 79
Rank 2AAGNGGlobal X Aging Population ETFScore 70
Rank 3BWRNDNYLI Global Equity R&D Leaders ETFScore 69
Rank 4BICOPiShares Copper and Metals Mining ETFScore 68

Our read on each fund

ETF.net Research

FITEAState Street SPDR S&P Kensho Future Security ETF

WRNDBNYLI Global Equity R&D Leaders ETF

In short

FITE Most "security" funds mean cybersecurity. FITE reads the word wider: cyber plus border security, robotics, drones, space, wearables and AR/VR, bundled into one global index basket since 2017.

WRND Most innovation funds sell you a story. WRND buys receipts: roughly 200 companies worldwide picked on what they actually spend on R&D and whether that spending earns a return, at a fee well under the thematic norm.

Stated mandate

FITE The fund seeks to track the S&P Kensho Future Security Index, targeting companies whose products and services support future security through areas such as cybersecurity, border security, robotics, drones, space, wearables, and virtual or augmented reality.

WRND The Fund seeks to track, before fees and expenses, the price and yield performance of the IQ Global Equity R&D Leaders Index. Its passive strategy targets innovative companies worldwide based on high research and development spending.

Why people hold it

FITE One theme, many fronts: cybersecurity, border security, robotics, drones, space, wearables and virtual/augmented reality all sit inside the same index.ssga.com
A 0.45% fee undercuts the typical global thematic fund, and it comes from State Street's SPDR lineup rather than a one-fund boutique.
Live since 2017, so it has traded through a full cycle of thematic hype and hangover instead of arriving on a back-test.
Roughly 80 names spread across sectors and countries, so no single defense contractor or chipmaker steers the whole portfolio.ssga.com

WRND 0.18% a year against a 0.56% median for its global thematic peers. Innovation exposure without the boutique markup.newyorklifeinvestments.com
Selection leans on the income statement: R&D intensity paired with return on invested capital, favoring firms that turn research budgets into results.newyorklifeinvestments.com
Roughly 200 names from a global universe, one of three R&D-screened funds New York Life launched in 2022 rather than a one-off experiment.businesswire.com

Worth knowing

FITE Thinly traded next to broad index funds, which can mean wider bid-ask spreads at the moment you transact.
Small by SPDR standards. Niche thematic funds lean on sustained investor interest to hold their scale.
"Security" is drawn by index rules, so wearables and AR headset makers land beside the cyber and border names.

WRND Small and lightly traded, so bid/ask spreads tend to run wider than on mainstream global index funds.
Weighting by R&D dollars, with a cap on any single position, tilts the book toward the world's largest research spenders.businesswire.com etfstrategy.com
Distributions arrive quarterly, but income isn't the mandate; the index screens on research spending, not payouts.

Full FITE profile⁠

Full WRND profile⁠

FITE vs WRND Holdings

How FITE and WRND differ

Overlap by weight

3.8%

Shared holdings make up 16.1% of FITE and 5.4% of WRND.

Level by level

Holdings11 in both3.8%
Countryby domicile63.1%
Sector9 Sectors77.6%
Asset classEquity100%

Sector

Sector weights in FITE and WRND, widest gap first
Sector	More in FITEMore in WRND	FITE	WRND
Industrials	FITE +17.9 points	30.1%	12.2%
Consumer Discretionary	WRND +9.1 points	0.0%	9.1%
Communication	WRND +7.1 points	3.0%	10.1%
Health Care	WRND +4.7 points	3.8%	8.5%
Technology	FITE +2.8 points	61.3%	58.5%
Energy	FITE +1.8 points	1.8%	0.0%
Materials	WRND +0.7 points	0.0%	0.7%
Consumer Staples	WRND +0.7 points	0.0%	0.7%
Financials	WRND +0.1 points	0.0%	0.1%

Country, concentration and asset class

Country by domicile

Country weights in FITE and WRND, widest gap first
Country	More in FITEMore in WRND	FITE	WRND
United States	FITE +32.0 points	92.2%	60.2%
Taiwan	WRND +8.0 points	0.7%	8.7%
South Korea	WRND +6.6 points	0.0%	6.6%
Germany	WRND +6.2 points	0.0%	6.2%
Netherlands	WRND +5.1 points	0.0%	5.1%
Israel	FITE +4.0 points	4.3%	0.4%
United Kingdom	WRND +3.2 points	0.0%	3.2%
China	WRND +1.9 points	0.0%	1.9%
Other countries (13)	WRND +5.1 points	2.7%	7.8%

Outside the US: WRND 51% developed, 49% emerging.

Concentration

Weight in the 10 largest Holdings

FITE23.3%
WRND47.1%

Securities held

FITE78
WRND208

Asset class

FITE: Equity
WRND: Equity

Holdings

Only in FITE67
In both11
Only in WRND197

Only in FITE

67 securities, 83.8% of FITE by weight

RAPID7 Inc2.95%
Qualys Inc2.61%
Tenable Holdings Inc2.42%
Okta Inc2.40%
Rubrik Inc A2.33%
Sentinelone Inc Class A2.16%
N Able Inc2.11%
Sailpoint Inc1.87%
Varonis Systems Inc1.85%
Onespan Inc1.78%
Radware Ltd1.60%
Viasat Inc1.58%
Varex Imaging Corp1.54%
Ziff Davis Inc1.53%
Lockheed Martin Corp1.53%
Check Point Software Tech1.52%
Leidos Holdings Inc1.44%
Gen Digital Inc1.43%
Embraer SA Spon Adr1.41%
Bruker Corp1.41%
Teledyne Technologies Inc1.40%
Rtx Corp1.40%
Ducommun Inc1.36%
Oceaneering Intl Inc1.32%
Blackberry Ltd1.30%
Northrop Grumman Corp1.29%
Iridium Communications Inc1.26%
Elbit Systems Ltd1.23%
Netscout Systems Inc1.22%
Osi Systems Inc1.19%
Moog Inc Class A1.18%
Mirion Technologies Inc1.18%
F5 Inc1.16%
L3HARRIS Technologies Inc1.14%
Karman Holdings Inc1.13%
Lincoln Electric Holdings1.12%
Kbr Inc1.12%
Huntington Ingalls Industrie1.09%
Kopin Corp1.09%
Parsons Corp1.09%
General Dynamics Corp1.09%
Hexcel Corp1.08%
Boeing Co/The1.03%
A10 Networks Inc1.01%
Esco Technologies Inc1.00%
Kratos Defense & Security0.99%
Lantronix Inc0.99%
Aerovironment Inc0.97%
Textron Inc0.96%
Akamai Technologies Inc0.95%

Only in WRND

197 securities, 94.7% of WRND by weight

Apple Inc.7.26%
NVIDIA Corporation7.15%
Alphabet Inc. Class A5.44%
Taiwan Semiconductor Manufacturing Co., Ltd.4.57%
Microsoft Corporation4.56%
ASML Holding NV4.46%
Samsung Electronics Co., Ltd.4.05%
Amazon.com, Inc.3.77%
Tesla, Inc.3.12%
Meta Platforms Inc Class A2.69%
Eli Lilly and Company2.64%
AstraZeneca PLC2.59%
Sap SE2.26%
Siemens AG2.07%
Advanced Micro Devices, Inc.1.43%
Eaton Corp. Plc1.28%
Novo Nordisk A/S Class B1.20%
Siemens Energy AG1.09%
GSK plc0.90%
Delta Electronics, Inc.0.83%
Trane Technologies plc0.81%
Vanguard Information Technology ETF0.75%
Palantir Technologies Inc. Class A0.73%
MercadoLibre, Inc.0.73%
Oracle Corporation0.68%
iShares Semiconductor ETF0.67%
Netease Inc0.64%
Ferrari NV0.62%
Delta Electronics (Thailand) Public Co. Ltd.0.59%
Infineon Technologies AG0.58%
LG Energy Solution Ltd.0.56%
Applied Materials, Inc.0.53%
Lam Research Corporation0.52%
Amgen Inc.0.50%
Texas Instruments Incorporated0.47%
Garmin Ltd.0.47%
Franklin FTSE South Korea ETF0.43%
International Business Machines Corporation0.42%
Constellation Software Inc.0.41%
Elite Material Co., Ltd.0.40%
ASSA ABLOY AB Class B0.37%
PepsiCo, Inc.0.37%
Arista Networks Inc0.36%
Deere & Company0.36%
BeOne Medicines Ltd.0.36%
Legrand SA0.34%
Weg SA0.33%
Elbit Systems Ltd0.33%
Genmab A/S0.33%
Saab AB Class B0.33%

Weight gaps

All 11 Holdings in both funds, largest gap first.

Holding weights in FITE and WRND, widest gap first
Holding	More in FITEMore in WRND	FITE	WRND
Zscaler IncZS	FITE +2.40 points	2.47%	0.07%
Cloudflare Inc Class ANET	FITE +1.61 points	1.76%	0.15%
Crowdstrike Holdings Inc ACRWD	FITE +1.56 points	2.01%	0.45%
Broadcom IncAVGO	WRND +1.55 points	1.15%	2.70%
Datadog Inc Class ADDOG	FITE +1.31 points	1.45%	0.14%
Palo Alto Networks IncPANW	FITE +1.28 points	1.80%	0.52%
Heico CorpHEI	FITE +1.19 points	1.27%	0.08%
Fortinet IncFTNT	FITE +1.08 points	1.25%	0.17%
Amphenol Corp Class AAPH	FITE +0.76 points	1.10%	0.34%
Rocket Lab CorpRKLB	FITE +0.64 points	0.70%	0.06%
Cisco Systems IncCSCO	FITE +0.43 points	1.14%	0.71%

All 78 FITE holdings⁠All 209 WRND holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FITE vs WRND Cost

Overpaying FITE vs WRND

$5,292

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

FITE 0.45%
$9,041
WRND 0.18%
$3,749

Amount$10,000

Years30 years

Cost over time

FITE 0.45%
WRND 0.18%
Overpaying

Year by year

Year	FITE	WRND	Overpaying
10	$812	$328	$484
20	$3,128	$1,281	$1,847
30	$9,041	$3,749	$5,292

Expense ratio

0.45%FITE
0.18%WRND, cheaper

WRND0.18%FITE0.45%

0.18%0.90%

Middle half of Global Thematic funds
Median 0.58%

WRND cheapest of 18 funds

FITE 3rd cheapest of 18 funds

FITE vs WRND Dividends

Last 12 months to Oct 30, 2026

Yield (12M): FITE 0.11%; WRND 0.97%, better
Payout (12M): FITE $0.12; WRND $0.40
Last payment: FITE $0.04; WRND $0.10
Ex-dividend: FITE Sep 21, 2026; WRND Sep 30, 2026
Paid on: FITE Sep 23, 2026; WRND Oct 2, 2026
Frequency: FITE Quarterly; WRND Quarterly

Distribution history

Per share, 2018 to 2026, same scale for both

FITEQuarterly · 33 paymentsAll FITE payments⁠

WRNDQuarterly · 18 paymentsAll WRND payments⁠

FITE vs WRND Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: FITE 21.9%WRND 14.5%, better
Return per unit of riskSharpe ratio, 3 years: FITE 1.26, betterWRND 1.18
Worst fallMax drawdown, 5 years: FITE −27.1%WRND −27.2%since Feb 2022
Market sensitivityBeta, 5 years: FITE 1.32WRND 1.15; Market = 1

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